UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: December 31, 2010 Check here if Amendment [ ]; Amendment Number: This Amendment (Check only one.): [ ] is a restatement. [ ] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: Principal Financial Group, Inc. Address: 711 High Street Des Moines, Iowa 50392 13F File Number: 28-10106 The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: Michael Roughton Title: Vice-President Phone: 515-248-3842 Signature, Place, and Date of Signing: Michael Roughton Des Moines, Iowa February 10, 2011 Report Type (Check only one.): [ ] 13F HOLDINGS REPORT. [ ] 13F NOTICE. [ X] 13F COMBINATION REPORT. List of Other Managers Reporting for this Manager: Form 13F File Number Name 28-3943 Edge Asset Management, Inc. 28-12454 Post Advisory Group, LLC 28-11300 Spectrum Asset Management, Inc. 28-10449 Columbus Circle Investors FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 5 Form13F Information Table Entry Total: 3952 Form13F Information Table Value Total: $29,212,131 (thousands) List of Other Included Managers: Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional managers with respect to which this report is filed, other than the manager filing this report. No. 13F File Number Name 28-1549 Principal Global Investors, LLC 28-10400 Principal Real Estate Investors, LLC 28-793 Principal Life Insurance Co. 28-10107 Principal Financial Services, Inc. 28-07402 Principal Management Corporation FORM 13F INFORMATION TABLE VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- 1 800 FLOWERS COM CL A 68243Q106 36 13533 SH DEFINED 4,5 13533 0 0 3M CO COM 88579Y101 10210 118314 SH DEFINED 4,5 118314 0 0 3M CO COM 88579Y101 51457 596254 SH DEFINED 1,3,4 596254 0 0 99 CENTS ONLY STORES COM 65440K106 239 14965 SH DEFINED 4,5 14965 0 0 99 CENTS ONLY STORES COM 65440K106 1013 63535 SH DEFINED 1,3,4 63535 0 0 A123 SYS INC COM 03739T108 182 19064 SH DEFINED 4,5 19064 0 0 AAON INC COM PAR $0.004 000360206 1257 44561 SH DEFINED 1,3,4 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